Term Paper
Functions of the Bangladesh Bank
Bangladesh Bank performs all core functions of a monetary and financial sector regulator that it is along with a number of other non-core functions. Some of the major functions are the Bangladesh Bank are as follows: * Formulation and implementation of monetary and credit policies. * Management of Bangladesh’s international reserves. * Issuance of currency notes. * Regulation and supervision of banks and non-bank financial institutions, promotion and development of domestic financial markets. * Acting as banker to the Bangladesh government. * Regulation and supervision of the payment system. * Money laundering prevention. * Implementation of Foreign Exchange Regulation Act. * Managing a Deposit Insurance Scheme. * Collection and furnishing of credit information.
12. Functions of Bangladesh Bank:
Bangladesh Bank performs all the functions that a central bank of any country is expected to perform, and such functions include maintaining the price stability through economic and monetary policy measures, managing the country’s foreign and the gold reserve and regulating the banking sector of the country. Like all other central banks across the globe, Bangladesh Bank is both the Government’s banker and the banker’s bank, a “Lender of the Last Resort”. Bangladesh Bank, like most of the central banks of different countries ,exercises monopoly over the issue of currencyand the bank notes.Except for the 1 and 2taka notes, it issues all other denominations of BangladeshiTaka.
i.Core Functions
BB as the central bank of Bangladesh executes all the functions that a central bank traditionally performs as elsewhere in the world. The core functions of BB are briefly discussed as follows:
1.BB formulates and implements monetary policy aiming at stabilizing domestic monetary value and maintaining competitive external per value of taka for fostering growth and development of country’s
Bangladesh Bank performs all core functions of a monetary and financial sector regulator that it is along with a number of other non-core functions. Some of the major functions are the Bangladesh Bank are as follows: * Formulation and implementation of monetary and credit policies. * Management of Bangladesh’s international reserves. * Issuance of currency notes. * Regulation and supervision of banks and non-bank financial institutions, promotion and development of domestic financial markets. * Acting as banker to the Bangladesh government. * Regulation and supervision of the payment system. * Money laundering prevention. * Implementation of Foreign Exchange Regulation Act. * Managing a Deposit Insurance Scheme. * Collection and furnishing of credit information.
12. Functions of Bangladesh Bank:
Bangladesh Bank performs all the functions that a central bank of any country is expected to perform, and such functions include maintaining the price stability through economic and monetary policy measures, managing the country’s foreign and the gold reserve and regulating the banking sector of the country. Like all other central banks across the globe, Bangladesh Bank is both the Government’s banker and the banker’s bank, a “Lender of the Last Resort”. Bangladesh Bank, like most of the central banks of different countries ,exercises monopoly over the issue of currencyand the bank notes.Except for the 1 and 2taka notes, it issues all other denominations of BangladeshiTaka.
i.Core Functions
BB as the central bank of Bangladesh executes all the functions that a central bank traditionally performs as elsewhere in the world. The core functions of BB are briefly discussed as follows:
1.BB formulates and implements monetary policy aiming at stabilizing domestic monetary value and maintaining competitive external per value of taka for fostering growth and development of country’s